Updated May 2026 · Redfin · 3-month window
38141 Real Estate Market Update: Memphis, TN, May 2026
The latest housing-market numbers for ZIP code 38141 in Memphis, Tennessee, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $171K | ▲ +0.7% | ▼ -14.0% |
| Days on market | 14 | ▼ -67.4% | ▼ -6.7% |
| Homes for sale | 26 | ▲ +4.0% | • 0.0% |
| Sale-to-list | 95.3% | ▲ +1.0% | ▲ +0.1% |
| Homes sold | 29 | ▼ -19.4% | ▼ -43.1% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 38141 numbers say
The 38141 ZIP in Memphis is cooling. The median sale price sits at $171,200, 14.0% below last year. Homes here move fast: a typical listing goes under contract in about 14 days, and sellers are getting 95.3% of list price.
Based on 29 recent sales, 38141 is currently an active market.
What this means if you sell in 38141
Use these figures to set expectations early. Lead a listing appointment with the median price and the 14-day pace, show the year-over-year direction, and frame 38141 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Memphis post →Frequently asked: the 38141 housing market
- What is the median home price in ZIP 38141 (Memphis, TN)?
- As of May 2026, the median sale price in ZIP 38141 is $171,200 (-14.0% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 38141 a buyer's or seller's market right now?
- ZIP 38141 is currently an active market, based on a 95.3% sale-to-list ratio, about 14 days on market for May 2026.
- How long do homes take to sell in ZIP 38141?
- A typical listing in 38141 goes under contract in about 14 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 38141 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.